Contacts
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Cushman & Wakefield
Property Details
- Property Type Unassigned
- Property Size 7,397 SF
- Lot Size 0.04 Acre
- Year Built 1910
- Date Updated Feb 20, 2025
The commercial unit which is comprised of the ground floor, second floor and a finished basement is occupied by Bonpoint. Bonpoint is the premiere high-end children’s clothing boutique which has maintained a presence on Madison Avenue for over 20-years.
Bonpoint is entering into the second year of a new ten (10) year lease which commenced on January 1, 2022. The lease includes step up escalations of 5% in the first year, 4% in the second year, and 3% annual increases for the remainder. The lease also includes a 65% share of increased taxes over the base year of 21/22 and is all backed by a corporate guarantee from Bonpoint SAS currently operating 120 locations in 30 countries. Providing the highest level of security to an investor seeking long term cash flow. Additionally, there is a landlord kickout option in year 5 of the lease providing 6 months’ notice, allowing the future owner to take advantage of increased market rents either by vacating or renegotiating. Refer to the following page for the lease abstract.
Above the retail are six 1-bedroom units of varying sizes of which four units are free market and two units are rent stabilized
Reach out to the broker for more info on lease terms and amenities
Getting around
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Location
- City New York, NY
- Neighborhood Lenox Hill
- Zip Code 10065
- Market Manhattan
Points of Interest
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East 68th Street & Lexington Avenue at Southwest Corner
0.16 miles
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East 68th Street & Lexington Avenue at Northwest Corner
0.17 miles
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68th Street–Hunter College
0.18 miles
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East 68th Street & Lexington Avenue at Northeast Corner
0.19 miles
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East 68th Street & Lexington Avenue at Southeast Corner
0.19 miles
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Lexington Avenue–63rd Street
0.30 miles
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63rd Street & 3rd Avenue at Northwest Corner
0.35 miles
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63rd Street & 3rd Avenue at Southwest Corner
0.35 miles
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63rd Street & 3rd Avenue at Northeast Corner
0.36 miles
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5th Avenue–59th Street
0.40 miles
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ChargePoint
0.50 miles
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Tesla Supercharger
1.08 miles
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Mobil
1.42 miles
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Shell
1.51 miles
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Sunoco
1.66 miles
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Atlantic
1.67 miles
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BP
1.68 miles
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Citgo
1.69 miles
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iClean
0.35 miles
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Loeb Boathouse Parking Lot
0.47 miles
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Metropolitan Museum
0.65 miles
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Alpha Garage
0.70 miles
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Central Parking
0.78 miles
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Surrey Garage
0.81 miles
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Icon
0.85 miles
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Champion
0.85 miles
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24 Hour Parking
0.87 miles
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Lincoln Center Park and Lock Garage
0.92 miles
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Plaza Athénée
0.17 miles
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Lowell Hotel
0.25 miles
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Loews Regency
0.32 miles
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The Pierre
0.35 miles
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The Gardens Sonesta ES Suites
0.38 miles
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The Surrey
0.41 miles
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Sherry Netherlands
0.42 miles
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The Carlyle
0.44 miles
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The Plaza
0.49 miles
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The Mark
0.49 miles
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Ouri's Market
0.26 miles
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Whole Foods Market
0.29 miles
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Target
0.31 miles
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Morton Williams
0.34 miles
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Barneys New York
0.35 miles
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Nordstrom
0.40 miles
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D'Agostino
0.44 miles
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MUJI
0.44 miles
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Bloomingdale's
0.46 miles
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Health Nuts Store
0.47 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
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Cushman & Wakefield